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Lithium Technology

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No.1 Leaders in
Lithium Technology

CFTS
Accreditation

UK’s Largest Stock
of New Forklifts

4.8 stars

No.1 Leaders in
Lithium Technology

CFTS
Accreditation

UK’s Largest Stock
of New Forklifts

4.8 stars

Home / Used Forklifts / Sold / Reach Forklift New Electric MiMA MFZ20 – 7000mm Up to 12500mm Lift – (#MR2)

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Full Data specification Sheet please click this link to View:

Reach Forklift New Electric MiMA MFZ20 – 7000mm Up to 12500mm Lift – (#MR2)

Purchase from £23,450 +VAT £28,140 inc VAT

Hire Purchase £113.43 + VAT / Week

Hire Purchase

Hire Purchase allows you to spread the cost of the forklift over a fixed term with monthly payments. Once all payments have been made, ownership of the forklift transfers to you. A deposit may be required, and interest is applied.

This option provides a straightforward way to own the asset while managing cash flow.

Out of stock

Outright Purchase

HP with Balloon

Hire Purchase

Contract Hire

Outright Purchase Payment

Outright Purchase – A single upfront payment for full ownership of the forklift, with no further financial obligations.

£23,745.00 + VAT (inc delivery)

Delivery: Flat Rate £295.00
Truck Price (inc delivery): £23,745.00
VAT: £4,749.00

TOTAL: £28,494.00

Debug Information:

Input Parameters: 
Base Price Source: Simple Product
Base Price: £23450.00
Delivery Cost: £295.00

Calculations: 
Truck Price: £23450.00
Total Before VAT: £23745.00
VAT Amount: £4749.00
Total Inc. VAT: £28494.00

Formula Used:

            OUTRIGHT PURCHASE CALCULATION:
            1. Base Calculation:
               truckPrice = simpleProductPrice
               
            2. Add Delivery:
               totalBeforeVAT = truckPrice + deliveryCost
               
            3. VAT Calculation:
               vatAmount = totalBeforeVAT × 0.20
               
            4. Final Price:
               finalPrice = totalBeforeVAT + vatAmount

Payment Options

Hire Purchase with Balloon Payment

Fixed monthly instalments with a deferred final lump sum (balloon payment) required to transfer ownership upon completion of the agreement.

£98.63 + VATper week

Truck Price: £23,745.00 (+VAT, inc delivery)
Deposit (VAT): £4,749.00
60 Monthly Payments: £427.41
Interest cost: £6,648.60

TOTAL amount payable: £35,142.60

Optional balloon payment: £4,749.00

Debug Information:

Input Parameters: 
Base Price: £23450.00
Term (months): 60
Has Cab: No
Cab Cost: N/A
VAT Amount: £4749.00

Calculations: 
Base Price: £23745.00
Monthly Payment: £427.41
Weekly Payment: £98.63 (Monthly × 12 ÷ 52)
Balloon Amount: £4749.00
Interest Amount: £6648.60
Factor Used: 1.80%

Formula Used:

            BALLOON FINANCE CALCULATION:
            1. Initial Setup:
               Base Price = £23745.00 
               VAT Amount = £4749.00 (Deposit)
               
            2. Monthly Payment:
               Factor = 1.80%
               Monthly Payment = Base Price × Factor = £427.41
               
            3. Weekly Payment:
               Weekly Payment = (Monthly Payment × 12) ÷ 52 = £98.63
               
            4. Balloon Payment:
               Balloon Amount = Base Price × 20% = £4749.00
               
            5. Interest:
               Interest = (Monthly × Term) + Balloon - Base Price = £6,648.60
               
            6. Total:
               Total = Base Price + VAT + Interest = £35,142.60

Payment Options

Hire Purchase Payment

Fixed monthly payments over an agreed term. Ownership transfers to the customer upon completion of all payments.

£113.43 + VATper week

Truck Price: £23,745.00 (+VAT, inc delivery)
Deposit (VAT): £4,749.00
60 Monthly Payments: £491.52
Interest cost: £5,746.20

TOTAL amount payable: £34,240.20

Debug Information:

Input Parameters: 
Base Price: £23450.00
Term (months): 60
Has Cab: No
Deposit (VAT): £4749.00
Cab Cost: N/A

Calculations: 
Base Price: £23745.00
VAT Amount: £4749.00
Deposit Required: £4749.00
Amount to Finance: £23745.00
Monthly Payment: £491.52
Weekly Payment: £113.43 (Monthly × 12 ÷ 52)
Interest Amount: £5746.20
Factor Used: 2.07%

Formula Used:

            HIRE PURCHASE CALCULATION:
            1. Initial Setup:
               Base Price = £23745.00 
               VAT Amount (Deposit) = £4749.00
               
            2. Finance Amount:
               Amount to Finance = Base Price = £23745.00
               
            3. Monthly Payment:
               Factor = 2.07%
               Monthly Payment = Base Price × Factor = £491.52
               
            4. Weekly Payment:
               Weekly Payment = (Monthly Payment × 12) ÷ 52 = £113.43
               
            5. Interest:
               Interest = (Monthly × Term) - Base Price = £5,746.20
               
            6. Total:
               Total = Base Price + VAT + Interest = £34,240.20

Looking for a Contract Hire Quote?

Contract hire pricing can vary depending on your usage, location, and specific requirements - so rarther than giving you a one-size-fits-all estimate, we'll create a bespoke quote tailored to your business.

Submit a quick enquiry below and one of our team will be in touch with your personalised options.

2.0 Tonne Electric Reach Truck

Why Choose MiMA?

The MFZ 20 is built for exceptional performance and reliability in high-racking and narrow aisle environments.
With a load capacity of 2000 kg and advanced technology, this electric reach truck maximizes productivity and safety in warehouse operations.
Invest in the MiMA MFZ 20 for advanced control, precision, and long-lasting performance in high-demand warehouse operations.